Invoice Apron Guidance Notes

Invoice Apron Guidance Notes

The Account and Project must be completed for this form.
Other fields to be completed are -
VAT %age - This can be obtained from the face of the invoice, and should relate to the individual line.
EF - Please tick if you have completed an "Application for Exemption on the Grounds of Zero Rating".
CR - Please tick if this is a credit note.
Net Line Amount - the amount for this line on the invoice, net of VAT.
For example - If you have purchased goods costing £100 and the invoice total is £117.50 (as there is VAT on the invoice) then the amount that you record as the net line amount on the invoice apron (assuming the charge is against one budget centre) will be £100.00
Order Number - enter the purchase order number, this will appear in the description against the transaction.
Description - a description is now available for each line on an invoice.

VAT is recorded against all transactions, by including the VAT %age against each line. The finance system automatically records the VAT to be tunnelled. This means that a seperate line is required on the apron for each VAT rate.